5135 S Kenwood Avenue 502, Chicago, IL 60615

• 4 beds |
• 2 baths

Property Description

ATTENTION INVESTORS! Incredible opportunity to own a 4-bedroom, 2-bath duplex penthouse condo delivering strong, stable returns in a highly desirable building. This unit is fully rented through June 2027, producing $3,750/month in rental income ($3,600 from the apartment + $150 for the secured parking space), and offers an impressive 10% cap rate from day 1. Located in an elevator building that is investor-friendly, this penthouse unit includes one secured, gated parking space, a private storage unit, and is situated in a pet-friendly building with an on-site engineer living in the building. The HOA covers everything except electricity and internet, making ownership simple and predictable. Inside, the open-concept kitchen features abundant cabinetry, granite countertops, stainless steel appliances, gas range, microwave, dishwasher, under-cabinet lighting, and a breakfast bar perfect for entertaining. The living area is anchored by a real gas fireplace with a natural stone surround, while matte black modern light fixtures and sconces add a stylish, contemporary touch. The main level boasts hardwood floors, a spacious living room, one large bedroom, and a full bathroom. A stunning spiral staircase, one of the apartment's most desirable features to tenants, leads to the second level, which offers three additional bedrooms, another full bathroom, and an in-unit washer and dryer. One of the bedrooms is extra large with a walk-in closet and even provides private access to the 6th-floor entrance. As the only unit in the building with central air (installed in 2023), this penthouse also enjoys a unique comfort advantage. Positioned above surrounding buildings and tree lines, the west and north facing windows flood the home with natural light and provide unobstructed, sweeping views of Hyde Park and the surrounding neighborhoods. 10% cap rate from day 1, through mid 2027. Schedule your showing today!

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 10:22PM

Listing Office:

eXp Realty : 773-630-9205

Listing Agent:

Michael Scanlon : 773-630-9205

MLS ID:

12585146

Interior

• General: StorageGranite Counters
• Rooms: No additional rooms
• Appliances: RangeMicrowaveDishwasherRefrigerator
• Laundry: Washer HookupIn Unit
• Basement: None
• Flooring: Hardwood
• A/C: Central Air
• Heating: Natural GasBaseboard
• Disability Feature: None

Exterior

• Parking: AssignedYesParking spaces: 1

Location

• HOA Amenities: Elevator(s)StorageOn Site Manager/EngineerSecurity Door Lock(s)Ceiling FanHeatWaterGasInsuranceExterior MaintenanceLawn CareScavengerSnow Removal834.0Monthly
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20114020411026

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Condo